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Business segment information (Tables)
3 Months Ended
Mar. 31, 2025
Business segment information  
Holding Percentage of Subsidiaries

​

​

​

​

​

​

​

​

    

​

    

% controlled at

 

Business segment

​

Entity

​

March 31, 2025

 

Chemicals

 

Kronos

 

81%

​

Component products

 

CompX

 

87%

​

Real estate management and development

 

BMI and LandWell

 

63% - 77%

​

Segment Operating Performance

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

March 31, 

​

    

2024

    

2025

​

​

(In millions)

Net sales:

​

​

​

​

​

​

Chemicals

​

$

478.8

​

$

489.8

Component products

​

 

38.0

​

 

40.3

Real estate management and development

​

 

13.8

​

 

8.5

Total net sales

​

$

530.6

​

$

538.6

Cost of sales:

​

 

  

​

 

  

Chemicals

​

$

407.9

​

$

383.4

Component products

​

 

28.3

​

 

28.1

Real estate management and development

​

 

8.1

​

 

4.6

Total cost of sales

​

$

444.3

​

$

416.1

Gross margin:

​

 

  

​

 

  

Chemicals

​

$

70.9

​

$

106.4

Component products

​

 

9.7

​

 

12.2

Real estate management and development

​

 

5.7

​

 

3.9

Total gross margin

​

$

86.3

​

$

122.5

Operating income:

​

 

  

​

 

  

Chemicals

​

$

22.8

​

$

41.2

Component products

​

 

3.7

​

 

5.9

Real estate management and development

​

 

5.0

​

 

3.0

Total operating income

​

 

31.5

​

 

50.1

General corporate items:

​

 

  

​

 

  

Interest income and other

​

​

5.7

​

​

4.3

Other components of net periodic pension and OPEB expense

​

 

(.6)

​

 

(.8)

Changes in market value of Valhi common stock held by subsidiaries

​

 

.5

​

 

(1.7)

General expenses, net

​

 

(7.8)

​

 

(7.9)

Interest expense

​

 

(11.3)

​

 

(13.2)

Income before income taxes

​

$

18.0

​

$

30.8

​

​

​

​

​

​

​

​

​

​

Three months ended

​

​

March 31,

​

    

2024

    

2025

​

​

(In millions)

Depreciation and amortization:

 

​

  

 

​

  

Chemicals

​

$

11.5

​

$

14.4

Component products

​

 

.9

​

 

1.0

Real estate management and development

​

 

.1

​

 

—

Total

​

$

12.5

​

$

15.4

​

​

​

​

​

​

​